Industry experts have criticised the UK’s incoming credit card gambling ban for failing to address potential loopholes that could see problem gamblers circumvent it.
The UK Gambling Commission will ban gambling by credit card from April 14, saying players who gamble that way are more likely to be problem gamblers.
The Ministry of Economy and Business has published Royal Decree 736/2019, of December 20, on the legal regime of payment services and payment entities, which modifies Royal Decree 778/2012, of May...
Contention over the finer points of new payments regulation continued to rage in Europe, with industry and regulators clashing over issues with new strong authentication requirements and the...
The UK Financial Intelligence Unit (UKFIU) has published its 2019 annual report on suspicious activity reports (SARs), as well as the third edition of its "SARs In Action" publication addressed to...
Tighter EU controls on card security are already pushing fraud into other areas, with scammers targeting mobile authentication apps and “global wallet” payment instruments, new research has shown.
A consortium of U.S. retail associations and debit networks have accused Visa and Mastercard of using EMVCo standards as a vehicle for restricting competition and protecting revenue despite...
The Financial Conduct Authority has said payment service providers must act quickly to push merchants into compliance with EU rules on strong customer authentication (SCA) for online card payments.
The Financial Conduct Authority (FCA) has ordered e-money institution One Stop Money Manager Limited and payment institution Merchant Optimisation Services Limited to stop operating.
A senior official at Malaysia’s central bank believes e-wallet operators may be ready to give traditional institutions “a run for their money” and establish a foothold in the country’s bank...
The European Banking Authority (EBA) has responded to industry confusion about how strong authentication reforms apply to in-flight offline payments and consecutive low-value online transactions.
Senior figures at Visa remain positive the European Commission will avoid a drastic overhaul of its interchange fee regime, despite claims that rules put in place in 2015 have failed to boost...
European payments firms look set to spend much of next year’s strong authentication grace period devising ways of implementing one-time passwords via SMS, even as they acknowledge that such...
China is pushing ahead with efforts to popularise electronic means of payment, introducing more rigorous supervision, as well as looking to make the system more accessible for foreigners.
Australia’s central bank is considering a ban on buy now, pay later (BNPL) providers preventing retailers from surcharging customers, as it sketches the outline of a major review of the country’s...
The European Central Bank (ECB) has thrown its weight behind the creation of a new continent-wide payment system for both retail and e-commerce, warning that reliance on global financial giants...

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